Quick Technical Analysis for #Solana (SOL/USDT)
Current Price: 176.00 USDT (+3.10%)
Time Frame: Daily
Trend: Bullish after breaking resistance at 165 and turning it into support
Indicators:
RSI at 63, indicating continued momentum
Price moving near the upper limit of the Bollinger Band (189.89)
MACD shows signs of positive reversal
Trading volume is stable and supports the bullish trend
Potential Entry Areas:
First Entry: 170 – 172 (when testing MA20)
Second Entry: after a stable break above 185
Potential Targets:
1. 189
2. 200
3. 215 (average range)
Stop Loss: Daily close below 165
Note: The price is moving in an upward channel, buying in phases (DCA) is preferred to reduce risks.
